According to the Book Beige of the Federal Reserve published on Wednesday, the economic perspectives “improved slightly.”
Economic perspectives “They improved slightly”although the persistent uncertainty and the increase in cost pressures, driven by duty of President Donald Trump and the repression of immigration, according to the Beige Book of the Federal Reserve published on Wednesday.
Thus, it was specified that “Economic activity increased slightly from the end of May to the beginning of July”based on anecdotal information compiled by its 12 reserve banks until July 8 and argue that Uncertainty remained “high, contributing to the continuous caution of companies”.
The labor market is still cautious
Employment “It increased very slightly in general”with a hiring still “generally cautious”, with many contacts pointing out “Continuous economic uncertainty and monetary policy.”
The report indicated that several districts indicated “A reduction in the availability of workers born abroad, attributed to changes in immigration policy.”
Price pressures are accelerated to measures
As for inflation, The prices “increased in all districts, with seven characterizing price growth as moderate and five characterizing it as modest”with few changes with respect to the previous report.
In the 12 districts, “companies reported that they experienced pressures of inputs modest to pronounced related to tariffs, especially for raw materials used in manufacturing and construction.”
Companies also faced “growing insurance costs”, meanwhile, with many moving “At least part of consumers cost increases through price increases or surcharges”while others abstained “due to the growing sensitivity of customers at prices, which resulted in compressed profit margins.”
The Fed said that contacts in a wide range of industries “expected cost pressures to be high in the coming months, increasing the probability that consumer prices will begin to rise more quickly at the end of summer.”
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
